Chunil Express: Loss Narrows in Q1 but High Debt Ratio and Cash Decline Weigh on Finances

Q1 2026 revenue increased 3.5% to KRW 11.16bn (vs KRW 10.79bn a year ago), operating loss narrowed (EPS loss improved from KRW 1,466 to KRW 1,295).
Net loss of KRW 1.85bn (vs KRW 2.09bn a year ago), continuing losses.
Equity decreased from KRW 9.58bn to KRW 7.71bn, debt ratio surged to 576.9% (from 450.3% at year-end 2025).
Cash and cash equivalents plunged from KRW 799mn to KRW 258mn; short-term borrowings increased from KRW 16.40bn to KRW 17.10bn.
No dividend or share buyback. Two minor lawsuits pending.